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ASIC appeals ruling in market manipulation case against NAB contractor Whitebox
Securities 2019-06-28 11:39 pm By Cat Fredenburgh

The Australian Securities and Investments Commission is challenging the dismissal of its enforcement action againstĀ  National Australia Bank contractor Whitebox Trading and sole director Johannes Boshoff, which accused them of market manipulation that resulted in a spike in the price of securities on the ASX-200 index in October 2012.

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Slater & Gordon hits back at ex-lawyer’s claims over allegedly unethical funding referral scheme
Legal Ethics 2019-06-28 11:21 pm By Christine Caulfield

Slater & Gordon has struck back against allegations by a former senior solicitor that he was fired after making complaints about the law firm’s arrangement with a third-party funder for personal injury clients, denying any unethical practices and arguing the lawyer’s termination was part of a cost-cutting restructure.

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Equititrust settlement with KPMG approved after no objections to funder taking all
Restructuring & Insolvency 2019-06-28 9:04 pm By Amelia Birnie

A court has approved a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG, after not a single objection was raised by unitholders or creditors who wonā€™t receive anything after the entire amount is paid to the funder.

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Israel Folau dispute with Rugby Australia will head to court
Employment 2019-06-28 4:01 pm By Cat Fredenburgh

Rugby player Israel Folau, who was sacked after sharing a homophobic Instagram post, will take his unfair dismissal case against Rugby Australia and theĀ NSW WaratahsĀ to court after a conciliation hearing at the Fair Work Commission failed to resolve the dispute.

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Judge flushes ACCC’s consumer case over Kimberly-Clark wipes
Competition & Consumer Protection 2019-06-28 3:42 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has lost its case alleging Kimberly-Clark made misleading representations about its flushable wipes, with a judge finding the consumer regulator failed to provide sufficient evidence to show the wipes caused harm to sewage systems.

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Incentive-based funding commission dropped in IAG insurance class action
Class Actions 2019-06-28 12:48 pm By Amelia Birnie

The funder backing the IAG add-on insurance class action has agreed to a fixed 25 per cent commission, after the plaintiff copped criticism from a judge for the largely redacted funding agreement which called for lower rates if the case settled by a certain date.

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Special counsel appointed in toxic foam class action
Class Actions 2019-06-28 11:41 am By Cat Fredenburgh

The judge overseeing several class actions over the alleged use of toxic foam at government military bases has appointed a special counsel to hear the Commonwealth’s claims that it should be exempt for producing certain documents due to public interest immunity and legal professional privilege.

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Queensland law firm says excessive fees class action ‘costing them a fortune’
Class Actions 2019-06-27 8:14 pm By Amelia Birnie

A judge has told the lead plaintiff in a class action over allegedly excessive legal fees to get their ā€œhouse in orderā€, amid complaints by the Queensland compensation law firm at the centre of the dispute that the litigation is ā€œcosting them a fortuneā€.

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Sydney barrister Charles Waterstreet seeks urgent hearing to lift suspension
Legal Ethics 2019-06-27 3:02 pm By Amelia Birnie

Colourful Sydney barrister Charles Waterstreet is seeking an urgent hearing to lift an “emergency” suspension imposed by the NSW Bar Association to allow him to continue working on a malicious prosecution case brought by a solicitor who was accused, and acquitted, of sexual assault by a client.

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A2 Milk takes Lion Dairy to court over ‘True A2’ trade mark
Intellectual Property 2019-06-27 2:07 pm By Cat Fredenburgh

The A2 Milk Company is appealing a ruling that granted rival Lion Dairy’s opposition to its application to trade mark the phrase ‘True A2″ for its milk products, as it combats efforts by other milk companies to block it from using marks that allegedly imply its products have unique characteristics.

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